{"id":11296,"date":"2021-12-03T12:10:19","date_gmt":"2021-12-03T12:10:19","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=11296"},"modified":"2021-12-03T12:10:19","modified_gmt":"2021-12-03T12:10:19","slug":"madagascar-scott-reid-hired-as-ceo-of-madagascar-oil","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/madagascar-scott-reid-hired-as-ceo-of-madagascar-oil\/","title":{"rendered":"MADAGASCAR: Scott Reid Hired as CEO of Madagascar Oil"},"content":{"rendered":"

Madagascar Oil, the developer of the Tsimiroro oil field (Block 3104), is pleased to announce the appointment of Scott Reid<\/span> as Chief Executive Officer (CEO) Madagascar Oil SA, with immediate effect. The\u00a0Tsimiroro Oil Field, the Group\u2019s flagship asset, is a giant heavy oil field<\/a> in western Madagascar with independently audited contingent oil in place of 1.7 billion barrels (P50) Stock Tank Oil Originally In Place (\u2018STOOIP\u2019).<\/p>\n

Scott brings over 30 years’ experience in the oil & gas and mining industries, across multiple jurisdictions, to Madagascar Oil SA. This experience will be central to supporting the ongoing development of the Tsimiroro oil field, from initial commercial production to much larger scale production and offtake over the coming years.<\/p>\n

Over his 30 years in the industry, Scott has held various technical, managerial, board and financial roles across different businesses and projects. He has been central to supporting the acquisition, financing, listing and development of a series of substantial mineral resource projects that have been successfully brought into full scale and\/or pilot plant operation, including: the Perkoa Zinc Project, in\u00a0Burkina Faso<\/span>, the Boseto Copper project, in\u00a0Botswana<\/span>, and the Rincon Lithium Brine Salar Project, in\u00a0Argentina<\/span>.<\/p>\n

Scott’s experience includes direct knowledge and understanding of working in\u00a0Madagascar<\/span>, having been involved in a range of companies in country over many years.<\/p>\n

In addition to technical experience, Scott also brings a wealth of managerial experience and understanding, having been on the Board of various resource companies listed on the ASX and the London Stock Exchange, over a number of years.<\/p>\n

Scott started his career with Geoterrex Pty Ltd, a subsidiary of French multinational Compagnie Generale De Geophysique (GCC), in 1990, having completed a graduate degree from the\u00a0University of Sydney<\/span>. Scott also holds post graduate qualifications in geophysics, applied finance and has studied mineral economics.<\/p>\n

Al Njoo<\/span>, Chairman and Group CEO of Madagascar Oil, commented:<\/p>\n

“Scott brings a wealth of executive and entrepreneurial experience in\u00a0Africa<\/span>, and strong government relations in\u00a0Madagascar<\/span>, having held various senior roles in-country for many years. That experience will support the development of the company as it seeks to upscale the commercial production of oil to meet growing demand as boarders open and as the regional and international economy recovers post COVID. I would like to thank\u00a0Russ Kelly<\/span>, who stepped down as CEO, for the contribution he has made to the development of the Company and its assets over a number of years and wish him well for the future”.<\/p>\n","protected":false},"excerpt":{"rendered":"

Madagascar Oil, the developer of the Tsimiroro oil field (Block 3104), is pleased to announce the appointment of Scott Reid as Chief Executive Officer (CEO) Madagascar Oil SA, with immediate … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":11298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[276,1470,1471,9848,9847],"class_list":["post-11296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-block-3104","tag-madagascar","tag-madagascar-oil","tag-scott-reid","tag-tsimiroro-oil-field","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Madagscar-Oil.jpg?fit=560%2C320&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2Wc","jetpack-related-posts":[{"id":2814,"url":"https:\/\/www.oilnewskenya.com\/index.php\/madagascar-oil-award-development-mining-title-block-3104\/","url_meta":{"origin":11296,"position":0},"title":"Madagascar Oil Award Of The Development Mining Title For The Block 3104","author":"","date":"April 16, 2015","format":false,"excerpt":"Madagascar Oil\u00a0 has confirmed the award of the Development Mining Title for the Block 3104 Tsimiroro Production Sharing Contract by the President of Madagascar, H.E.Hery Rajaonarimampianina,\u00a0following a joint proposal by the Minister at the Presidency in charge of Mines and Petroleum and the General Manager of OMNIS (Office des Mines\u2026","rel":"","context":"In \"Block 3104\"","block_context":{"text":"Block 3104","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/block-3104\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/04\/Tsimororo.jpg?fit=750%2C499&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/04\/Tsimororo.jpg?fit=750%2C499&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/04\/Tsimororo.jpg?fit=750%2C499&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/04\/Tsimororo.jpg?fit=750%2C499&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1962,"url":"https:\/\/www.oilnewskenya.com\/index.php\/madagascar-oil-submits-the-block-3104-tsimiroro-development-plan\/","url_meta":{"origin":11296,"position":1},"title":"Madagascar Oil submits the Block 3104 Tsimiroro Development Plan","author":"Samuel Kamau Mbote","date":"October 28, 2014","format":false,"excerpt":"Madagascar Oil has announced that the Block 3104 Tsimiroro Development Plan (TDP) has been submitted to the Executive Committee, ahead of the 4 November 2014 deadline set by the production sharing contract in respect of Block 3104. The submission of the TDP follows regular working group meetings with OMNIS, to\u2026","rel":"","context":"In "Elsewhere in Africa"","block_context":{"text":"Elsewhere in Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/elsewhere-in-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/block-3104.jpg?fit=490%2C662&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12727,"url":"https:\/\/www.oilnewskenya.com\/index.php\/madagascar-madagascar-oil-sa-to-supply-heavy-oil-locally\/","url_meta":{"origin":11296,"position":2},"title":"MADAGASCAR: Madagascar Oil SA to Supply Heavy Oil Locally","author":"","date":"October 14, 2022","format":false,"excerpt":"One of Madagascar's main enterprises, located in the Vakinankaratra region, has inked contracts with Madagascar Oil SA, which manages the Tsimiroro Oil block 3104, to receive heavy oil. The company's decision to focus on the neighborhood market is consistent with its dedication to promoting employment and the local and national\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/09\/Madagascar.gif?fit=756%2C1049&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/09\/Madagascar.gif?fit=756%2C1049&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/09\/Madagascar.gif?fit=756%2C1049&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/09\/Madagascar.gif?fit=756%2C1049&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1002,"url":"https:\/\/www.oilnewskenya.com\/index.php\/madagascar-oil-declares-block-3104-tsimiroro-commercially-viable\/","url_meta":{"origin":11296,"position":3},"title":"Madagascar Oil Declares Block 3104 Tsimiroro commercially viable","author":"Samuel Kamau Mbote","date":"May 9, 2014","format":false,"excerpt":"Madagascar Oil\u00a0has announced it\u00a0has determined that the\u00a0Block 3104 Tsimiroro discovery\u00a0is a 'Commercial Discovery', under the terms of the Production Sharing Contract between OMNIS and Madagascar Oil S.A. ('PSC'). Declaration of Commerciality and Field Development Planning The\u00a0Tsimiroro Oil Field, the Group\u2019s flagship asset, is a giant heavy oil field in western\u2026","rel":"","context":"In "New Discoveries"","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/madagascar.jpg?fit=502%2C674&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2656,"url":"https:\/\/www.oilnewskenya.com\/index.php\/madagascar-oil-s-provides-operational-development-planning-update\/","url_meta":{"origin":11296,"position":4},"title":"Madagascar Oil S.A provides Operational & Development Planning Update","author":"","date":"March 3, 2015","format":false,"excerpt":"Madagascar Oil S.A (MOSA) has announced that it continues to have an active and very positive dialogue with OMNIS, the Ministry to the Presidency of Mines and Petroleum and also representatives of the office of the President of Madagascar, with regard to the approval process for the Tsimiroro Development Plan\u00a0TDP.\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Madagascar-Oil-projects.jpg?fit=550%2C879&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Madagascar-Oil-projects.jpg?fit=550%2C879&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Madagascar-Oil-projects.jpg?fit=550%2C879&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1084,"url":"https:\/\/www.oilnewskenya.com\/index.php\/madagascars-tsimiroro-crude-oil-sales-to-commence-this-quarter\/","url_meta":{"origin":11296,"position":5},"title":"Madagascar’s Tsimiroro crude oil sales to commence this quarter","author":"Samuel Kamau Mbote","date":"May 23, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Madagascar Oil\u00a0has announced it\u00a0has been advised, via a \"Communique de Presse: Conseil des Ministres\" that the decree approving test sales of Tsimiroro crude oil in the local market was approved at a meeting of the Council of Ministers on 21 May 2014. 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